July, 2019

• 28 July

  Anil Ambani’s RCom unit seeks bond extension

  Bloomberg A unit of Reliance Communications (RCom) Ltd, tycoon Anil Ambani’s distressed telecom firm, is seeking an extension from holders of its dollar-denominated bonds maturing on August 1, the company’s spokesman said. Global Cloud Xchange is in discussions with holders of its 7 percent $350 million notes for a deal that would provide the issuer more time to discuss options ...

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• 28 July

  Pfizer nears deal to merge drug business with Mylan

  

  Bloomberg Pfizer Inc plans to combine its off-patent business, which includes Lipitor cholesterol pills and male-impotence drug Viagra, with Mylan NV and form a generic drug giant, according to people familiar with the matter. The deal, if completed, could be announced as early as Monday, said the people, who asked not to be identified because the negotiations are private. Under ...

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• 28 July

  US soybean supplies to China slump in H1

  

  Bloomberg US soybean supplies to China, the world’s biggest market, slumped in the first half of 2019 to the lowest level in more than a decade as little progress was made on ending a trade war between the two countries. China imported 614,806 tons of soybeans from the US in June, according to customs data. That brought the total inbound ...

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• 28 July

  Apple suppliers see new iPhones demand stabilising

  

  Bloomberg Apple Inc’s suppliers are preparing to produce components for up to 75 million new iPhones in 2019’s second half, roughly the same number as a year earlier, according to people familiar with the matter. The volumes planned for the next iPhone launch cycle would signal steady demand for the company’s most important product, despite US-China trade tensions and a ...

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• 28 July

  Top Swiss hospitals to take on big pharma with cheap cancer therapy

  

  Bloomberg Some of Switzerland’s top university hospitals are teaming up to take on the soaring cost of cancer cell therapy offered by big pharma. The hospitals are hoping to offer the treatment for between 150,000 Swiss francs ($151,026) and 200,000 francs. That’s about one-third cheaper than the commercialised process offered by the pharmaceutical industry. “We are convinced that such cancer ...

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• 28 July

  ‘Tesla vehicle may stream Netflix when not moving’

  

  Bloomberg The ability to stream YouTube and Netflix when a Tesla vehicle is not moving is coming soon, Tesla CEO Elon Musk said on Twitter. The change may come in August but wouldn’t take “more than a few months,” Musk said while responding to a Twitter user. Tesla owners will be able to stream while the car is moving once ...

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• 28 July

  Johnson forms ‘war’ cabinet as prospect of no-deal rises

  

  Bloomberg UK Prime Minister Boris Johnson formed a war cabinet of six senior ministers to plan for exiting the European Union by October 31, as a key adviser said leaving without a deal had become a very real prospect, the Sunday Times reported. Johnson’s most senior aide, Dominic Cummings, a key leader in the 2016 Brexit campaign, called advisers to ...

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• 28 July

  British opposition leader Corbyn says he’s ready for polls

  

  Bloomberg UK Labour Party leader Jeremy Corbyn said he’s ready for a general election at any time as Prime Minister Boris Johnson prepares to take the country out of the European Union without a deal. “We oppose no deal, and people should have a final say on it,” Corbyn said on Sky News’s Sophy Ridge programme on Sunday. “In the ...

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• 28 July

  US sanctions strand Iran ships in Brazil

  

  Bloomberg US sanctions on Iran are not only reverberating through the oil world, but also the agricultural market in Latin America. At least two Iranian vessels set to carry Brazilian corn are stranded off the Latin American nation’s coast because they can’t get fuel, according to the port authority at Paranagua, about 450 kilometres south of Sao Paulo. State-controlled oil ...

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• 28 July

  ‘Taiwan election a choice between peace or crisis’

  

  Bloomberg Taiwan’s election will be an opportunity for voters to choose cross-strait peace or crisis, said Kaohsiung City Mayor Han Kuo-yu, who was nominated as the presidential nominee by the opposition Kuomintang party at the national congress on Sunday. Han, whose campaign slogan is “Taiwan safe, people rich,” was selected to challenge incumbent Tsai Ing-wen in the presidential poll in ...

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